Patents by Inventor William D. Magee

William D. Magee has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 6264545
    Abstract: A stream of coins of mixed denominations is passed through a first station in which the mixed coins are counted and the stream of mixed coins is then sorted to segregate coins of a selected denomination from those of other denominations. The coins of the other denominations are deposited into a first vault chamber, and the coins of the selected denomination are deposited into a second vault chamber. A report of the value of the counted coins of all denomination is generated. At a processing station to which the vault chambers are transported, the coins of the selected denomination in the second vault chamber from repeated sorting operations by many users can be weighed to determine the total value thereof. Thus, only the coins of other denominations need to be counted and separated into denominations, thereby reducing the processing time, the wear on high speed counting and sorting apparatus, and the costs of coin processing.
    Type: Grant
    Filed: February 26, 2000
    Date of Patent: July 24, 2001
    Assignee: The Magee Company
    Inventors: William D. Magee, Robert A. Allexon